Puma Energy Namibia adds free Wi-Fi to Windhoek filling stations

Puma Energy Namibia adds free Wi-Fi to Windhoek filling stations

Puma Energy Namibia has completed free Wi-Fi installation at 10 of its Windhoek service stations, with the remaining three set to be operational this week. The company plans to extend free Wi-Fi services to about 90% of Puma Energy Namibia sites nationwide. Here is Puma Energy Namibia’s General Manager Adell Samuelson, with more. The company recently announced its financial results for the three months ending 31 March 2024. Puma […]

July 30, 2024 61

Business / Economics

Auto industry faces new guidelines

The Namibian Competition Commission is developing industry guidelines to address anti-competitive practices in the automotive sector. The proposed guidelines will, according to the Commission, improve market conditions by promoting fair competition, transparency, and consumer protection. The development follows an investigation launched in 2018 into the conduct of original equipment manufacturers, vehicle dealerships, and panel beaters. NaCC spokesperson Dina //Gowases.

July 30, 2024 33

Business / Economics

INTERVIEW: Business and Economics Researcher Josef K. Sheehama Talks to Future Media’s Leonard Witbeen on Economic Views

Recently, Josef K. Sheehama, a distinguished business and economics researcher, shared his insights on the future of Namibia’s economic landscape. With a career spanning over two decades in banking and finance, Sheehama, who currently manages private banking at Standard Bank, discussed the differences between green hydrogen and the blue economy and how Namibia can leverage its resources to boost economic development and job creation. The Green Hydrogen vs. Blue Economy […]

July 30, 2024 28

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Africa

Ethiopia Secures $3.4 Billion IMF Agreement Amid Currency Reforms

Ethiopia has reached an agreement with the International Monetary Fund for a new $3.4 billion financing program, as announced by the IMF on Monday says Reuters. This agreement follows Ethiopia's decision to float its birr currency, a significant move aimed at securing IMF support and advancing a long-overdue debt restructuring process. The country, grappling with high inflation and persistent foreign currency shortages, became the third African economy to default on […]

July 30, 2024 11 4

Business / Economics

30 July 2024 Morning Biz News: Namibia’s Aquatic Exports Rise Despite Decrease in Landings; TotalEnergies Withdraws from South African Gas Block

Namibia's Aquatic Exports Rise Namibia's export earnings from fish, crustaceans, molluscs, and other aquatic invertebrates reached N$4.1 billion in Q1 2024, a slight increase from N$4.0 billion in Q1 2023. Despite this, High Economic Intelligence (HEI) reports a 16.7% decrease in landings of quota species, down to 97,077 metric tons from 116,471 metric tons in the previous year. TotalEnergies Exits South African Offshore Gas Block TotalEnergies has announced its withdrawal […]

July 30, 2024 30

Business / Economics

SME Compete reacts to President Mbumba Urging Banks to Ease Funding for SMEs

President Nangolo Mbumba has urged local banks to support small and medium enterprises by using equity-type instruments and reducing collateral requirements. Speaking with banking executives in Windhoek, Mbumba highlighted the need for broader funding initiatives to address financial exclusion. Danny Meyer, Director of SME Compete, also contributed to the discussion.

July 30, 2024 16

Business / Economics

Profits fall at McDonald’s as it redoubles value push

McDonald's reported a drop in profits Monday behind broad-based sales declines as the fast food giant redoubles efforts to win over inflation-weary consumers. All three of the chain's operating regions experienced comparable sales decline, a significant weakening next to the year-ago results when global comparable sales jumped nearly nine percent. Profits for the quarter ending June 30 were $2.0 billion, down 12 percent. Revenues were essentially flat […]

July 29, 2024 9

Africa

Cheaper data beckons in Africa as satellite internet roll-out intensifies

By Conrad Onyango, bird story agency A year after the introduction of commercial-scale satellite internet by Elon Musk’s Starlink in Africa, significant developments are beginning to reshape the continent's internet landscape, with cheaper and faster internet increasingly available in Africa as satellite infrastructure rollouts expand and competition among providers intensifies. In May, Liquid Intelligent Technologies, a major internet player with a presence in 14 countries […]

July 29, 2024 74

Africa

Eenhana Expo kicks off

The 14th edition of the Eenhana Trade and Business Expo started on Monday and is being held under the theme ‘Reviving local economy through business resilience, innovation, and diversification.’ In an interview with Nampa on Monday, town council spokesperson, Ottilie Shingenge said they have a total of 192 exhibitors, two of which are international exhibitors from Zambia and Zimbabwe. According to Shingenge, this year’s expo is bigger […]

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